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Close but no cigar. I spent considerable time with the folks at Omega. As
you know, since the company did not exist as a public entity it was
impossible to back test. I guess I took them at their word. Leap of faith.
Hey, I took a shot and missed. What can I say. I am sure they will have
something new and exciting at FIA in Chicago. I just won't be in there
booth.
Your phrase Omega Luv it or Leave it, kinda reminds of the red neck slogans
I saw during the Vietnam War. Now we are opening franchises in Vietnam and
they are making shirs while Yanks are being laid off. Wonder, what those red
necks would say now. And yes, I do not believe in backtesting because
everyday is different. I do believe backtesting can offer some insights. And
keep you out of trouble. If I believed I back testing I would simply buy the
new latest and greatest system being hawked to the public. By the way, what
system did the hedge fund that the FEd bailed out use?
No need to check your brain at the door just becasue you are a trader.
-----Original Message-----
From: The Omega Man <editorial@xxxxxxxxxxxxx>
To: Neal T. Weintraub <ntw@xxxxxxxxxxx>; Paul Yoon <paul_yoon@xxxxxxxxxxx>;
D. J. Martin <djmartin12@xxxxxxx>; Danny <danos@xxxxxxx>; Elliot Sorkin
<ask1017@xxxxxxx>; Gene Spaulding <genebs@xxxxxxxxxxxxx>; Greg Myer
<futures@xxxxxxxx>; Jason Kerr <jkerr@xxxxxxxxx>; Joe Barry
<jbarry@xxxxxxxxxxxxxxx>; John Krull <kkrull95@xxxxxxx>; Michael Forti
<Mike40@xxxxxxxxxxxxxxxx>; Pierre Buret <Buret@xxxxxxx>; Ralph Harrington
<osu@xxxxxxx>; Sean Bolger <sbolger@xxxxxxxxxxxxx>; Sylvester Rembierz
<sytrane@xxxxxxx>; Vinnie Vyas <vinnie10@xxxxxxxxxxx>; Neal T. Weintraub
<yourfilled@xxxxxxx>; Tom Petterson <trader8888@xxxxxxx>; J. M. F.
<jmf1021@xxxxxxx>; L. E. F. <lef1002@xxxxxxx>; M. Jackson
<mjackson@xxxxxxxxxx>; A. Strasser <mail@xxxxxxxxxxxx>; Larry Overy
<lovery@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Wednesday, October 07, 1998 4:18 AM
Subject: Re: The 95% losers Join now.
>
>Bug,
>
>Let me get this straight. You do not believe in backtesting. So, of
>course, you were long the stock of the company which specializes in it.
>Based on what? Wait! Let me guess... you figured you'd cash in on all of
>Omega's sales to newbies...
>
>
>Good trading,
>
>The Omega Man
>
>
>Omega - Love it or Leave it.
>
>
>
>-----Original Message-----
>From: Neal T. Weintraub <ntw@xxxxxxxxxxx>
>To: Paul Yoon <paul_yoon@xxxxxxxxxxx>; D. J. Martin <djmartin12@xxxxxxx>;
>Danny <danos@xxxxxxx>; Elliot Sorkin <ask1017@xxxxxxx>; Gene Spaulding
><genebs@xxxxxxxxxxxxx>; Greg Myer <futures@xxxxxxxx>; Jason Kerr
><jkerr@xxxxxxxxx>; Joe Barry <jbarry@xxxxxxxxxxxxxxx>; John Krull
><kkrull95@xxxxxxx>; Michael Forti <Mike40@xxxxxxxxxxxxxxxx>; Pierre Buret
><Buret@xxxxxxx>; Ralph Harrington <osu@xxxxxxx>; Sean Bolger
><sbolger@xxxxxxxxxxxxx>; Sylvester Rembierz <sytrane@xxxxxxx>; Vinnie Vyas
><vinnie10@xxxxxxxxxxx>; Neal T. Weintraub <yourfilled@xxxxxxx>; Tom
>Petterson <trader8888@xxxxxxx>; J. M. F. <jmf1021@xxxxxxx>; L. E. F.
><lef1002@xxxxxxx>; M. Jackson <mjackson@xxxxxxxxxx>; A. Strasser
><mail@xxxxxxxxxxxx>; Larry Overy <lovery@xxxxxxxxxxxxx>
>Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
>Date: Wednesday, October 07, 1998 12:33 AM
>Subject: Re: The 95% losers Join now.
>
>
>You know, our family just sold our Omega stock for little more than $1.00.
>That should tell you something about my trading ability when it comes to
>over the counter stocks. We bought Omega for a little over $10.00. Which
>brings me to the point. Software, backtesting, and gurus are not going to
>make it for you. If they did Jake and Larry would manage money and Omega
>stock would be over $30.00. Stay our of the volatile markets and be sure
you
>are trading with money you can afford to lose. And stay away from brokers
>who are under the age of 22. Do you know any successful traders? And can
>prove it. Do they live in your area? One of my clients uses a stop based on
>the low of the last 12 days Are you using stops?
>-----Original Message-----
>From: Paul Yoon <paul_yoon@xxxxxxxxxxx>
>To: thevindicator@xxxxxxxxxxx <thevindicator@xxxxxxxxxxx>
>Date: Monday, October 05, 1998 3:54 PM
>Subject: Wiped out again!!
>
>
>>Mr. Weintraub, that was a fine article in the most recent FUTURES
>>magazine. I just need a bit of advice. When should i cry out "uncle"
>>and move on with my life. This is my 4th year of trading and again, i
>>have gone bust. I am in my mid 20's. Do you think i should just give
>>up??
>>
>>
>>Sincerely, Paul
>>
>>p.s. My confidence has not been shattered.......yet.
>>
>>______________________________________________________
>>Get Your Private, Free Email at http://www.hotmail.com
>
>
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